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Sanctions threaten Russian companies with technical default

Organizations in Russia found themselves in a state of technical default if they do not pay their debts on foreign currency loans and Eurobonds. Foreign firms block payments from companies whose shareholders are under the sanctions of EU. Some companies have already faced difficulties in conducting financial transactions, while others are still facing similar problems. According to Vedomosti, there are obvious problems with such large organizations as Severstal, whose beneficiary Alexei Mordashov...

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